102 Sibthorpe Road, Lee, SE12 9DP
London
£200,000
Listed on 05/10/2026
Listed on 05/10/2026
The listing
Property details
Bedrooms
3Type
TerracedArea
799 sqftDescription
This terraced house on Sibthorpe Road presents a promising opportunity for renovation and investment. Offered with vacant possession, the property is arranged over two floors and features three bedrooms, a bathroom, and a kitchen, alongside living and dining areas. The house requires modernisation throughout, making it an ideal project for those looking to add value. The exterior includes a driveway for off-street parking and a rear garden, which could be enhanced further. There is potential for a loft conversion and rear extension, subject to obtaining the necessary planning consents. Located conveniently near local amenities and transport links, this property is well-positioned for future growth.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
58out of 100
Grade DWeak opportunity
Confidence: LOW
This three-bedroom terraced house on Sibthorpe Road presents a noteworthy opportunity for those looking to acquire a property at a significantly lower cost compared to the local market. With an asking price of £200,000, this home is priced at £250/sqf — an impressive 51.4% below the local average of £515/sqf. Such a price point allows for substantial potential upside once renovations are completed.
However, the property requires a heavy level of refurbishment, as evidenced by the dated condition throughout, including visible wear in the living areas, poor kitchen fixtures, and a garden that is in need of significant attention. This project allows you to reimagine the space, potentially exploring options like a loft conversion or a rear extension, subject to necessary consents. With vacant possession and good transport links nearby, this house offers a canvas for someone with the vision to transform it into a modern family home.
Key opportunities
- Potential for a loft conversion or rear extension subject to necessary consents
- Opportunity to modernise and improve the dated interiors, creating a tailored living space
- Good location near transport links, which can enhance future value
Key risks
- Stripped interiors and a significant renovation budget are needed, indicating a full-gut programme, not a simple refresh
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£756
Based on a loan of £150,000 over 30 years at 4.45% interest
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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